CONFIDENTIAL
01742 MDLIAN 20
3. AS A CENTRE FOR INTERNATIONAL TRADE, IT IS IMPORTANT FOR HONG KONG TO BE SEEN AS AN ACTIVE PARTICIPANT IN EFFORTS TO PROTECT THE GLOBAL ENVIRONMENT. THE PROTOCOL HAS TRADE SANCTION PROVISIONS AND, IF IT IS NOT APPLIED TO HONG KONG, THE LATTER WILL HAVE DIFFICULTY IN OBTAINING THE SUPPLY OF OZONE DEPLETING SUBSTANCES FOR LOCAL USE FROM PRODUCING COUNTRIES WHICH IN MOST CASES ARE ALSO CONTRACTING PARTIES. MOREOVER, BEFORE THE USE OF OZONE DEPLETING SUBSTANCES IS PHASED OUT, HONG KONG WILL BE DENIED HER SHARE OF THE MARKET IN PRODUCTS MADE WITH OR CONTAINING SUCH SUBSTANCES IN CONTRACTING PARTIES BECAUSE OF THE IMPORT BAN.
PROPOSAL
4. THE BRITISH SIDE PROPOSES THAT THE CONVENTION AND THE PROTOCOL SHOULD CONTINUE TO APPLY TO THE HONG KONG SAR AFTER 30 JUNE 1997 IN ACCORDANCE WITH THE JOINT DECLARATION. THE PRC IS A PARTY TO THE CONVENTION AND, PROVIDED IT REMAINS SO, IT WILL BE NECESSARY ONLY TO ENSURE THAT THE INTERNATIONAL RIGHTS AND OBLIGATIONS CURRENTLY AFFECTING HONG KONG ARE FULLY PRESERVED IN A MANNER CONSISTENT WITH THE JOINT DECLARATION AND TO CONSIDER WHETHER ANY ACTION IS NECESSARY IN THIS REGARD. HOWEVER, AS REGARDS THE PROTOCOL, IT WILL BE NECESSARY FOR THE CPG IN SOME WAY TO INDICATE TO ALL PRESENT CONTRACTING PARTIES THE STANDARD PROPOSAL PARA).
ENDS.
WILSON
ETC (AS IN
YYYY
ΜΑΙΝ
61
.HONG KONG AGREEMENT
. (RESTRICTED)
LIMITED
HKD
HD/FED
NEWS D
PLANNERS
DISTRIBUTION
63
PUSD
RAD
PS/LORD CAITHNESS PS/MR LENNOX-BOYD
MR MCLAREN
MR BURNS
2
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